Qalaa Holdings | Egypt Oil & Gas

ERC’s Margins Push Qalaa Holdings’ Revenue Up to EGP 97.7 billion in FY 2022

Qalaa Holdings Company has announced that it has achieved remarkable growth in its revenues reached to EGP 97.7 billion in the fiscal year (FY) 2022 compared to EGP 4.1 billion in FY 2021 increasing by 113% driven ...

ERC Contributes 80% to Qalaa Holdings Revenues in 2022

Qalaa Holdings's consolidated revenues reaching EGP 26.981 billion in the second quarter of 2022, making a 165% year-on-year (YoY) increase.

Qalaa Holdings Revenues Grow by 27% YoY Driven by Energy Subsidiaries

Qalaa Holdings announced strong revenue growth of 27% year-on-year (YoY), recording EGP 45.8 billion in 2021, through the strong performance of its subsidiaries, especially the Egyptian Refining Company (ERC) and ...

Qalaa’s Consolidated Revenues Increase 37% YoY

At ERC, despite a 22-day stoppage due to a scheduled maintenance in 2Q21, the refinery’s revenues increased by 52% year-on-year on the back of recovering market conditions.

TAQA Arabia Inaugurates First Natural Gas Station in New Cairo

Master Gas Company, one of TAQA Arabia companies, announced the inauguration of its first natural gas station in Al Rehab area at New Cairo in cooperation with Chill out company which is a subsidiary form the Nati ...

Qalaa Holdings Commences Hydrocracker Operations

Qalaa Holdings (CCAP.CA), has declared the successful operation of the Hydrocracker in its flagship project, Egyptian Refining Company “ERC”.

Qalaa Holdings Explains Reduced Stake in ERC

Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.

Qalaa Holdings Receives $120 M for ERC

The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.

Qalaa Holdings’ Revenues Grow by 25%

The company's operating profit grew by 36% to reach EGP 1.3 billion in 2018, which is supported by the strong performance of all the affiliated companies.

Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020

The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.

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